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Catalyst/CIFC Floating Rate Income Fund (CFRIX) Diversifiers

Mutual Fund · Currency in USD · Last updated Aug 1, 2026
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The investment seeks current income. Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in U.S. dollar denominated floating rate secured loans and other floating rate debt instruments, including: floating rate bonds; floating rate notes; floating rate debentures; and tranches of floating rate asset-backed securities, including structured notes, made to, or issued by, U.S. and non-U.S. corporations or other business entities; and other investment companies (including exchange traded funds) that invest primarily in floating rate assets.

Looking to diversify beyond CFRIX? The mutual funds below have historically moved differently from CFRIX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for CFRIX

8 mutual funds have low correlation with CFRIX (below 0.3), 1 of which are negatively correlated. The least correlated is Federated Hermes Project and Trade Finance Tender Fund (XPTFX) (Bank Loan) with a 1Y correlation of -0.14, down from 0.07 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
XPTFX
Federated Hermes Project and Trade Finance Tender ...-0.14-0.030.07
93
Bank LoanCFRIX vs XPTFX
MBXIX
Catalyst/Millburn Hedge Strategy Fund Class I0.100.110.07
90
Multistrategy, Systematic Trend, Global EquitiesCFRIX vs MBXIX
MBXAX
Catalyst/Millburn Hedge Strategy Fund0.100.110.07
89
Multistrategy, Systematic Trend, Global EquitiesCFRIX vs MBXAX
RCRIX
RiverPark Floating Rate CMBS Fund0.180.130.18
100
Bank LoanCFRIX vs RCRIX
CCLFX
Cliffwater Corporate Lending Fund Class I Shares0.190.180.20
100
Bank Loan, High Yield BondsCFRIX vs CCLFX
See all 27 diversifiers for CFRIX

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for CFRIX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.08, down from 0.19 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BRK-B
Berkshire Hathaway Inc.0.080.150.19
61
Financial Services

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